July 23, 2020
Looks like Venezuela is imposing price controls! And they want this for the U.S.
Venezuela Sets New Price Controls, with Eggs Costing More than a Month's Wages
Posted by: Timothy Birdnow at
12:47 PM
| Comments (7)
| Add Comment
Post contains 31 words, total size 1 kb.
Posted by: Dana Mathewson at July 23, 2020 04:26 PM (3ESpR)
Posted by: AcademyFeedback at July 24, 2020 04:21 AM (fB+7x)
Posted by: Jacob at July 24, 2020 05:16 AM (speIM)
Posted by: Timothy Birdnow at July 24, 2020 06:51 AM (0CCNP)
Posted by: Timothy Birdnow at July 24, 2020 07:03 AM (0CCNP)
You do know, I hope, that much of Venezeula’s hyperinflation is caused by us stealing their money. They made the mistake of putting their cash reserves in US banks (it was in dollars because we require that oil sales be only in dollars), and when their government did something we didn’t like we "froze their assets.†i.e. We took their money.
I’m not advocating socialism, here. It is a terrible economic system that always collapses. But it normally does not collapse due to hyperinflation. It collapses of it own weight because, other than air, there simply isn’t enough of anything for everyone to have as much of it as he wants.
Posted by: Bill H at July 24, 2020 08:02 AM (vMiSr)
Posted by: Timothy Birdnow at July 24, 2020 09:25 AM (0CCNP)
37 queries taking 0.2067 seconds, 190 records returned.
Powered by Minx 1.1.6c-pink.








